RE:Not a good sign....from the CFO Tom YIP Well that shouldnt come as surprise to anyone. Yip is in the perfect position to read the likely results for Q2. Q1 costs per tonne were $260, pretty much historical average but they specifically stated that Covid had zero influence on Q1 results . They also reduced costs as much as possible , dropping test drilling , capex etc. We are now well into Q2 and unless 36,000 ounces have already been produced, Q2 results will be extremely poor.
Will there be enough cash to pay even the interest on the loan??? Unlikely unless mill heads have improved.